The Federal Housing Administration or FHA falls under the authority of the U.S. Department of Housing and Urban Development or HUD. FHA home refinance loans are backed and guaranteed by the federal government. Since the federal government makes a guarantee on the loan, there is going to be less risk assumed by the financial lending institution, allowing them to provide you with a lower interest rate.Read more

Getting Spring Fever? It’s Time for some Spring Cleaning!!

Tonight is Day Light Savings Time where we move our clocks up one hour and get the opportunity to lose an hour of sleep but also get to enjoy the sunrise a bit earlier and longer day light throughout the Spring and Summer seasons. It’s also at this time where we start our spring cleaning ritual along with working on our yards that have been neglected all winter. Read more

A New Jersey, a police officer, was arrested based on a obtaining a mortgage loan that he obtained through false representations.Read more

1. All borrowers' birth certificates will be required with pictures taken in the hospital with medical staff. Birth certificate with a live home delivery will not be eligible for first time home buyers.
2. Marriage certificate with bridal dress will be required if both husband and wife are required to qualify for the loan.
3. GFE will not require signature, but will require blood sampling from a recognized institution within three days of application.Read more

DocuSign REALTOR® Edition builds upon DocuSign’s eSignature service offerings and includes the following features:

• Branded Signature—NAR members have the option to adopt an exclusive REALTOR® branded e-signature to further promote NAR membership status with the distinguished and trusted REALTOR® logo.Read more

Helping customers, one at a time. Making their home ownership dreams a reality!

Queens District Attorney Richard A. Brown today announced that an international businessman who resides in Manhattan has been sentenced to three to nine years in state prison for having used a forged power of attorney to unlawfully obtain a mortgage on his mother-in-law’s condominium in the Little Neck section of Queens and steal more than $300,000.

The condominium had been free and clear of any mortgages prior to the theft.

District Attorney Brown said, “The victim had accepted the defendant as family and, in turn, heRead more

TALLAHASSEE, FL – As part of National Consumer Protection Week, Attorney General Bill McCollum today issued a consumer advisory on foreclosure rescue services and foreclosure-related loan modification offers, one of the most frequent subjects of complaints to the Attorney General’s Office during 2009. With a second wave of mortgage fraud and foreclosure rescue fraud predicted for 2010, the Attorney General warned homeowners that disreputable companies and individuals will likely continue trying to capitalize on the current economic climate and consumers’ credit and mortgage concerns. Read more

The Quarterly meeting of the Friday, March 12th, 2010 Florida Quality Council

Registration available on-line at http://www.floridaqualitycouncil.org/.

Meeting Topics
Darren Soto's Foreclosure Bill of Rights
As foreclosures continue to impact our state, this is an important presentation for everyone in our industry - come and hear first hand about the bill!

Mortgage Modifications and Economic Recovery
Modifications - what are the issues and challenges, and are they helping or hindering the recovery? Read more

As a Financial Industry 'outsider' it's gratifying to know that someone is looking 'inside' too. As I see it, the problem starts with remuneration - As long as I get paid, immediately, in full, for writing up new business (i.e. short-term), regardless of the 'long-term' outcome of that sale, I get the clear message that 'booking' new loans, and making my 'quota' is all that counts. Conversely, if my income (and the income of my boss) depends on 'good' loans, where we both have a vested interest in a long-term return - then that's what I'll be doing - writing good loans.Read more